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Nonprofiteer
← SPECIAL OLYMPICS MINNESOTA INC

Form 990 for tax year 2022

Filed by SPECIAL OLYMPICS MINNESOTA INC.

Totals

Total revenue
$10,481,322
Total expenses
$7,700,568
Contributions and grants received
$10,669,536
Grants paid
$0
Program service revenue
$1,440
Investment income
$125,036
Other revenue
-$314,690
Total assets, end of year
$13,442,317
Total liabilities, end of year
$2,984,519
Net assets or fund balances, end of year
$10,457,798
Program services expenses (Part IX)
$5,855,740
Management and general expenses
$674,285
Fundraising expenses
$1,170,543
Program service expenses (Part III)
$5,855,740

Program services were 76.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $4,312,588

  • 1e · Government grants (contributions)

    $700,000

  • 1f · All other contributions, gifts and grants

    $5,656,948

  • 1g · Noncash contributions included above

    $61,553

  • 2a · Program service revenue: TRAINING

    total $1,440 · related or exempt $1,440

  • 3 · Investment income

    total $125,036 · excluded $125,036

  • 7a · Gross sales of assets other than inventory

    securities $50,137

  • 7b · Less cost or other basis and sales expenses

    securities $50,137

  • 7c · Gain or loss

    securities $0

  • 8a · Fundraising events: gross income

    $470,703

  • 8a · Fundraising events: contributions included on line 1c

    $4,312,588

  • 8b · Fundraising events: direct expenses

    $861,834

  • 8c · Net income from fundraising events

    total -$391,131 · excluded -$391,131

  • 9a · Gaming: gross income

    $120,086

  • 9b · Gaming: direct expenses

    $58,423

  • 9c · Net income from gaming

    total $61,663 · excluded $61,663

  • 10a · Gross sales of inventory

    $64,267

  • 10b · Cost of goods sold

    $60,119

  • 10c · Net income from sales of inventory

    total $4,148 · related or exempt $4,148

  • 11a · Other revenue: MISC REFUNDS, RECEIPTS & ADJUST.

    total $10,630 · related or exempt $10,630

  • 11e · Other revenue, total

    $10,630

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $373,064 · program services $37,307 · management and general $298,450 · fundraising $37,307

  • 7 · Other salaries and wages

    total $2,589,783 · program services $1,783,948 · management and general $216,024 · fundraising $589,811

  • 9 · Other employee benefits

    total $343,900 · program services $232,537 · management and general $32,336 · fundraising $79,027

  • 10 · Payroll taxes

    total $209,161 · program services $163,023 · management and general $6,591 · fundraising $39,547

  • 11b · Fees: legal

    total $1,778 · program services $1,370 · management and general $136 · fundraising $272

  • 11c · Fees: accounting

    total $23,444 · program services $16,411 · management and general $2,344 · fundraising $4,689

  • 11f · Fees: investment management

    total $23,755 · management and general $23,755

  • 11g · Fees: other

    total $101,796 · program services $71,652 · management and general $7,797 · fundraising $22,347

  • 12 · Advertising and promotion

    total $173,897 · program services $173,897

  • 13 · Office expenses

    total $162,163 · program services $77,528 · management and general $10,812 · fundraising $73,823

  • 14 · Information technology

    total $98,877 · program services $69,219 · management and general $9,883 · fundraising $19,775

  • 16 · Occupancy

    total $383,329 · program services $268,985 · management and general $38,117 · fundraising $76,227

  • 19 · Conferences, conventions and meetings

    total $22,761 · program services $22,522 · management and general $110 · fundraising $129

  • 21 · Payments to affiliates

    total $123,983 · program services $86,778 · management and general $12,397 · fundraising $24,808

  • 22 · Depreciation, depletion and amortization

    total $218,357 · program services $167,559 · management and general $7,129 · fundraising $43,669

  • 23 · Insurance

    total $75,442 · program services $52,810 · management and general $7,544 · fundraising $15,088

  • 24a · Other expenses: COMPETITIONS & TRAINING

    total $1,039,757 · program services $1,039,757

  • 24b · Other expenses: FUNDRAISING EVENTS

    total $732,986 · program services $732,986

  • 24c · Other expenses: YOUTH PROGRAMMING

    total $589,577 · program services $589,577

  • 24d · Other expenses: OTHER FUNDRAISING EXPEN

    total $213,001 · program services $95,850 · fundraising $117,151

  • 24e · All other expenses

    total $199,757 · program services $172,024 · management and general $860 · fundraising $26,873

  • 26 · Joint costs (an allocation of the lines above)

    total $1,841,859 · program services $828,837 · management and general $0 · fundraising $1,013,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,549,165 · end of year $4,975,481

  • 2 · Savings and temporary cash investments

    beginning of year $10 · end of year $10

  • 3 · Pledges and grants receivable

    beginning of year $234,395 · end of year $204,275

  • 8 · Inventories for sale or use

    beginning of year $42,419 · end of year $12,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $630,399 · end of year $691,119

  • 10a · Land, buildings and equipment: cost or other basis

    $2,350,143

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,441,698

  • 10c · Land, buildings and equipment, net

    beginning of year $1,022,164 · end of year $908,445

  • 11 · Investments: publicly traded securities

    beginning of year $4,309,618 · end of year $4,008,839

  • 15 · Other assets

    beginning of year $886,139 · end of year $2,641,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $516,348 · end of year $269,590

  • 19 · Deferred revenue

    beginning of year $44,364 · end of year $82,320

  • 25 · Other liabilities

    beginning of year $674,527 · end of year $2,632,609

  • 27 · Net assets without donor restrictions

    beginning of year $7,443,165 · end of year $7,400,906

  • 28 · Net assets with donor restrictions

    beginning of year $995,905 · end of year $3,056,892

Mission and programs · 2022

Mission

SPECIAL OLYMPICS MN OFFERS CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES YEAR-ROUND SPORTS TRAINING AND COMPETITION. THROUGH THE ATHLETIC, HEALTH & LEADERSHIP PROGRAMS, PEOPLE WITH INTELLECTUAL DISABILITIES TRANSFORM THEMSELVES, THEIR COMMUNITIES AND THE WORLD.

Activities or mission (Part I)

OFFERS PEOPLE WITH INTELLECTUAL DISABILITIES YEAR-ROUND SPORTS TRAINING AND COMPETITION.

  • SPORTS AND TRAINING: SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $4,573,664

  • HEALTH AND LEADERSHIP: SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $303,303 · Revenue $14,778

  • YOUTH AND SCHOOLS: SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $978,773 · Revenue $1,440

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ABBY HIRSCH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KIEL MCELVEEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS PASSARO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAYNE OLSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN KROPP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMILY PETERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DAVE LARSON

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN TORGERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMIE SPENCER

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ADAM HJERPE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NILS SNYDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW CHERICO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD ACKERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS TING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID BOOTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KYLE CANNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID KING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICTOR FIELDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID DORN

    PRESIDENT/CEO

    Total calculated
    $238,708
    From this org
    $208,781
    From related orgs
    $0
    Other
    $29,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,781
    Bonus
    $10,000
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $28,427
    Filer's total
    $238,708

  • MELISSA HOLMES

    VP OF FINANCE

    Total calculated
    $134,355
    From this org
    $129,632
    From related orgs
    $0
    Other
    $4,723
    Hours/week
    40

  • WILLIAM FISH

    EXECUTIVE VP OF DEVELOPMEN

    Total calculated
    $210,419
    From this org
    $186,902
    From related orgs
    $0
    Other
    $23,517
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,402
    Bonus
    $10,500
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $22,017
    Filer's total
    $210,419

  • MICHAEL KANE

    VICE PRESIDENT PROGRAM

    Total calculated
    $153,980
    From this org
    $148,264
    From related orgs
    $0
    Other
    $5,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,764
    Bonus
    $500
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $4,216
    Filer's total
    $153,980

  • GREG VANSELOW

    VICE PRESIDENT OPERATIONS

    Total calculated
    $132,242
    From this org
    $122,784
    From related orgs
    $0
    Other
    $9,458
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 August 2023
IRS schema version
2022v5.0
Source object
202342209349300819

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